Can I retire at age 69 with 12,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$990,949$982,122$973,510$965,105$956,897$938,344
2 years$490,569$481,432$472,578$463,993$455,665$437,049
3 years$323,797$314,621$305,789$297,285$289,093$270,993
4 years$240,428$231,280$222,536$214,177$206,183$188,740
5 years$190,419$181,326$172,697$164,508$156,737$140,000
6 years$157,091$148,067$139,565$131,559$124,021$108,008
7 years$133,294$124,346$115,979$108,162$100,862$85,578
8 years$115,455$106,588$98,360$90,734$83,675$69,115
9 years$101,588$92,804$84,717$77,285$70,466$56,621
10 years$90,500$81,802$73,858$66,621$60,041$46,897
11 years$81,434$72,823$65,024$57,980$51,637$39,180
12 years$73,885$65,362$57,707$50,856$44,748$32,959
13 years$67,502$59,068$51,557$44,898$39,021$27,881
14 years$62,035$53,692$46,324$39,856$34,205$23,694
15 years$57,302$49,048$41,825$35,544$30,117$20,212
16 years$53,165$45,001$37,920$31,826$26,618$17,297
17 years$49,518$41,444$34,506$28,595$23,601$14,842
18 years$46,279$38,296$31,499$25,770$20,985$12,764
19 years$43,385$35,493$28,836$23,286$18,704$10,997
20 years$40,784$32,981$26,464$21,090$16,707$9,491
21 years$38,434$30,721$24,342$19,140$14,951$8,202
22 years$36,300$28,677$22,435$17,403$13,401$7,097
23 years$34,354$26,821$20,715$15,849$12,030$6,147
24 years$32,574$25,129$19,158$14,455$10,813$5,329
25 years$30,938$23,583$17,744$13,201$9,730$4,623
26 years$29,430$22,164$16,457$12,071$8,764$4,013
27 years$28,037$20,859$15,281$11,049$7,902$3,486
28 years$26,745$19,655$14,206$10,123$7,130$3,029
29 years$25,545$18,542$13,220$9,283$6,438$2,634
30 years$24,427$17,511$12,314$8,519$5,817$2,290
31 years$23,383$16,554$11,480$7,824$5,259$1,993
32 years$22,406$15,663$10,711$7,191$4,757$1,734
33 years$21,490$14,834$10,001$6,613$4,305$1,509
34 years$20,630$14,059$9,344$6,084$3,898$1,314
35 years$19,821$13,335$8,736$5,601$3,531$1,144
36 years$19,059$12,656$8,172$5,158$3,199$997
37 years$18,339$12,021$7,649$4,753$2,899$868
38 years$17,659$11,424$7,163$4,381$2,629$756
39 years$17,016$10,863$6,711$4,039$2,384$659
40 years$16,406$10,335$6,290$3,725$2,162$574
41 years$15,827$9,838$5,898$3,437$1,961$500
42 years$15,278$9,370$5,533$3,172$1,780$436
43 years$14,755$8,927$5,192$2,928$1,615$380
44 years$14,258$8,510$4,873$2,704$1,466$331
45 years$13,784$8,115$4,576$2,497$1,331$289
46 years$13,332$7,741$4,298$2,307$1,209$252
47 years$12,900$7,387$4,038$2,131$1,097$219
48 years$12,488$7,052$3,794$1,969$997$191
49 years$12,094$6,735$3,567$1,820$905$167
50 years$11,716$6,433$3,353$1,682$822$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,000,000, adding $2,612 every year, while hoping to spend $53,411 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 75/15/10 Blend
68$12,000,000$12,000,000$12,000,000$12,000,000
69$13,226,694$12,590,694$12,404,694$14,194,799
70$14,518,988$13,150,809$12,763,423$15,393,279
71$15,941,306$13,736,580$13,132,378$16,699,283
72$17,506,854$14,349,207$13,511,847$18,128,984
73$19,230,183$14,989,948$13,902,124$19,694,637
74$21,127,326$15,660,121$14,303,511$21,409,733
75$23,215,952$16,361,105$14,716,317$23,289,123
76$25,515,528$17,094,348$15,140,862$25,349,156
77$28,047,504$17,861,363$15,577,473$27,607,836
78$30,835,517$18,663,737$16,026,486$30,084,982
79$33,905,613$19,503,134$16,488,247$32,802,419
80$37,286,493$20,381,295$16,963,110$35,784,178
81$41,009,781$21,300,044$17,451,440$39,056,723
82$45,110,327$22,261,295$17,953,612$42,649,196
83$49,626,532$23,267,049$18,470,009$46,593,690
84$54,600,710$24,319,407$19,001,026$50,925,551
85$60,079,491$25,420,566$19,547,069$55,683,706
86$66,114,257$26,572,832$20,108,554$60,911,027
87$72,761,629$27,778,618$20,685,908$66,654,736
88$80,084,000$29,040,455$21,279,571$72,966,846
89$88,150,124$30,360,994$21,889,993$79,904,644
90$97,035,767$31,743,012$22,517,637$87,531,236
91$106,824,416$33,189,421$23,162,979$95,916,134
92$117,608,073$34,703,270$23,826,506$105,135,906
93$129,488,123$36,287,756$24,508,720$115,274,901
94$142,576,284$37,946,229$25,210,135$126,426,037
95$156,995,669$39,682,198$25,931,279$138,691,672
96$172,881,945$41,499,343$26,672,694$152,184,571
97$190,384,611$43,401,519$27,434,937$167,028,959
98$209,668,413$45,392,766$28,218,580$183,361,695
99$230,914,898$47,477,317$29,024,208$201,333,552
100$254,324,123$49,659,612$29,852,425$221,110,641